This is quite common in the western markets. One FII downgrades while the other upgrades. Don’t take it too seriously. Play your own game, it is as simple as that. What has happened in the past few years is we have seen the Indian market and economy mature and its depth has increased such that it is no more dependent on Big Bull like Harshad Mehta or Ketan Parekh. Institutions from around the world are betting Billions of dollars on India’s growth story. Don’t get distracted by downgrade or upgrade. Believe in value investing, you will make a fortune in 10 years You don’t have to have a Stanford or IIM MBA.